Italian Enel Group will invest in Romania about EUR 565 million in the 2018-2020 period in the electricity distribution infrastructure, according to data provided by Livio Gallo, Director of Enel Infrastructure and Networks Division, during the annual presentation for investors and journalists.
The strategic plan shows that Enel’s total capital expenditures for its energy infrastructure will reach EUR 11.3 billion in 2018-2020 period and, according to Gallo, of which 5 percent are for Romania. This means that Enel will invest EUR 565 million in the three distribution units it holds in Romania in the next three years.
Of the EUR 565 million, about EUR 400 million will be invested only in the Romanian networks’ digitalisation, including to install smart meters to consumers.
If by this year-end the company expects to have such smart meters installed at 300,000 consumers, , 2.1 million customers will have smart meters in 2020.
In 2020, the company aims to have more than 70 percent of its final customers with such meters installed. Overall, globally, Enel’s growth capex is expected to reach around EUR 4.7 billion cumulatively over the 3 years, mostly on infrastructure and networks. Of this amount, EUR 329 million will be invested in Romania.